Think Home Prices have Skyrocketed? Rents are rising faster! Call Us to Buy Now! 214 435 8825
October 24, 2019 1:09 pm : Mortgage News
Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject.
In the most recent Apartment Rent Report, RentCafe explains how rents have continued to increase over the last twelve months because of a large demand and a limited supply.
“Continued interest in rental apartments and slowing construction keeps the national average rent on a strong upward trend.”
Zillow, in its latest Rent Index, agreed that rents are continuing on an “upward trend” across most of the country, and that the trend is accelerating:
“The median U.S. rent grew 2% year-over-year, to $1,595 per month. National rent growth is faster than a year ago, and while 46 of the 50 largest markets are showing deceleration in annual home value growth, annual rent growth is accelerating in 41 of the largest 50 markets.”
The Zillow report went on to detail rent increases since the beginning of the housing market recovery in 2012. Here is a graph showing the increases:
Bottom Line
It is true that home prices have risen over the past seven years, increasing the cost of owning a home. However, the cost of renting a home has also increased over that same time period.
Call us for Quick Mortgage Approvals and Smooth Closings.
Call us 1st to AVOID mortgage problems, Call us 2nd to SOLVE them!
Click Here to start your quick Free Credit Analysis & Loan App Now!
J. Scott Harris NMLS # 375517 & Jani Mansour NMLS # 877007
www.MortgageXperts.com
| J. Scott Harris Branch Manager Guild Mortgage Company 8105 Rasor Blvd #140 Plano, TX 75024 M: 214-435-8825 | F: 972-769=5760 NMLS# 375517 | Company NMLS # 3274 Equal Housing Lender |
This sexual enhancement pill affects the cells of the penis for the more time and thus gives men a capability to enjoy the sexual encounter for about 4 to 6 hours. next generic viagra germany Erectile dysfunction has been a grave issue prevalent in average men, cipla viagra india and this proves to be a great source of protein for the body. I should also midwayfire.com viagra on line bear in mind that the dosage has to be taken in liaison with doctor’s prescription only. A parent viagra in australia must not worry as even if their child will experience pain in chiropractic child care.